As we shake off the winter chill here in Michigan and look ahead to spring, there's good reason to feel encouraged about this year’s real estate market. After a slower couple of years marked by high mortgage rates and limited inventory, 2026 is shaping up to be more active and balanced—for both buyers and sellers.
Mortgage Rates: Easing but Still Moderate
Rates have moved down from the peaks we saw last year, now averaging in the low-6 % range. That’s giving many buyers a better shot at affordability—especially as tax refunds arrive and plans for spring and summer moves start to take shape.
While we may not see the ultra-low rates of years past, the expected two rate cuts later this year (according to economists and the Fed outlook) offer a bit more optimism for those entering the market now or soon.
Buyer Advantage: Gaining Some Ground
For the first time in a while, buyers are beginning to see more options and a little less competition—a big shift from the high-pressure markets of recent years. With modest price growth projected and more realistic seller expectations, there’s opportunity to make smart moves this spring.
Seller Opportunity: Low Inventory Still Rules
At the same time, sellers remain in a strong position. One thing hasn’t changed in over a decade: housing supply is still behind demand in most areas—including across much of Michigan. That imbalance continues to support healthy prices and buyer interest, especially for well-maintained, move-in ready homes.
Whether you're just exploring possibilities or ready to take action, spring is a great time to get the conversation started. Feel free to reach out—I’m always happy to help you think through next steps.
